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Suncor's oilsands production falls short

CALGAR –Suncor Energy Inc. (TSX: SU ) says its oilsands production during 2007 averaged about 236,000 barrels per day, short of the target 240,000 to 245,000 bpd.

Thu., Jan. 10, 2008

CALGAR –Suncor Energy Inc. (TSX: SU) says its oilsands production during 2007 averaged about 236,000 barrels per day, short of the target 240,000 to 245,000 bpd.

In December, output at Suncor's oilsands operation at Fort McMurray, Alta., averaged 234,000 barrels per day, down from 266,000 in November.

Suncor reports production numbers monthly from its oilsands operation. The numbers are preliminary and subject to adjustment.

Production volumes will be confirmed when fourth-quarter financial results are released on Jan. 22.

Suncor Energy's oilsands business extracts and upgrades oilsands and markets refinery feedstock and diesel fuel, while its operations throughout Western Canada produce natural gas.

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Suncor also operates a refining and marketing business in Ontario, with retail distribution under the Sunoco brand. U.S. downstream assets include refining operations in Colorado and retail sales in the Denver area under the Phillips 66 brand.

Sunoco in Canada is unrelated to Sunoco in the United States.

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